Cal-Maine
CALM

$69.01

0.35%

Market Cap: $3.38B

About: Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.

Employees: 3,067

Consumer Staples Agriculture Production Livestock & Animal Specialties

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

17% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 42

2% more funds holding

Funds holding: 317 [Q1] → 324 (+7) [Q2]

9% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 110

2% less capital invested

Capital invested by funds: $2.41B [Q1] → $2.37B (-$36.7M) [Q2]

4.89% less ownership

Funds ownership: 92.79% [Q1] → 87.9% (-4.89%) [Q2]

14% less call options, than puts

Call options by funds: $10.8M | Put options by funds: $12.5M

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$52

25%

downside

Avg. target

$52

25%

downside

High target

$52

25%

downside

1 analyst rating

0 positive

0%

0 neutral

0%

1 negative

100%

Goldman Sachs

Adam Samuelson

71% 1-year accuracy

10 / 14 met price target

25%downside

$52

Sell

Maintained

17 Jul 2024

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Financial journalist opinion

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Cal-Maine Foods: M&A Plans, Hard-Cooked Eggs, And Quite Cheap

Cal-Maine Foods is the largest producer and distributor of shell eggs in the United States. Plans for future growth in value-added products and potential acquisitions. Undervalued stock with positive free cash flow growth and an implied fair price of close to $144 per share.

Cal-Maine Foods: M&A Plans, Hard-Cooked Eggs, And Quite Cheap

Cal-Maine Foods, Inc. Names Judd Stevens Vice President, Operations

RIDGELAND, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that Judd Stevens has been named Vice President, Operations, effective July 23, 2024. Stevens will have responsibility for all of Cal-Maine Foods' recently acquired assets from ISE, including production operations in Delaware, Maryland, New Jersey and South Carolina. Stevens has been employed with Cal-Maine Foods since 2003. He most recently served as General Manager for the Company's subsidiary Wharton Coun.

Cal-Maine Foods, Inc. Names Judd Stevens Vice President, Operations

Cal-Maine's stock falls after earnings miss amid avian flu outbreak

Cal-Maine Foods Inc.'s stock CALM, +0.53% fell 2% in after-hours trading Tuesday, after the nation's biggest egg producer posted weaker-than-expected fiscal fourth-quarter earnings as an avian flu outbreak continues to take a toll. Ridgeland, Miss.

Cal-Maine's stock falls after earnings miss amid avian flu outbreak

Cal-Maine Foods Reports Results for Fourth Quarter and Fiscal 2024

RIDGELAND, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the fourth quarter of fiscal 2024 (thirteen weeks) and fiscal year 2024 (fifty-two weeks) ended June 1, 2024. Fourth Quarter and Fiscal Year 2024 Highlights Quarterly net sales of $640.8 million Quarterly net income of $113.2 million, or $2.32 per diluted share Fiscal year net sales.

Cal-Maine Foods Reports Results for Fourth Quarter and Fiscal 2024

Cal-Maine Foods, Inc. Announces Publication of Fiscal 2023 Sustainability Report

RIDGELAND, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) today released the Company's updated Fiscal 2023 Sustainability Report, which highlights Cal-Maine Foods' progress on the Company's key sustainability initiatives. As in previous reports, the Company is providing updated information utilizing the United Nations Sustainable Development Goals and Sustainability Accounting Standards Board (SASB) framework. Sherman Miller, president and chief executive officer of Cal-Maine Food.

Cal-Maine Foods, Inc. Announces Publication of Fiscal 2023 Sustainability Report

Cal-Maine Foods, Inc. Announces Release Date for Fourth Quarter and Fiscal 2024 Results

RIDGELAND, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company will release its fourth quarter and fiscal 2024 financial results on Tuesday, July 23, 2024. A press release will be issued after the close of market trading. Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packaging, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced.

Cal-Maine Foods, Inc. Announces Release Date for Fourth Quarter and Fiscal 2024 Results

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Zacks Investment Research

CalMaine Foods (CALM) Acquires ISE America Assets for $110M

CalMaine Foods (CALM) buys assets of ISE to boost market reach in the Northeast and Mid-Atlantic states.

CalMaine Foods (CALM) Acquires ISE America Assets for $110M

Cal-Maine Foods, Inc. Announces Acquisition of Egg Production Assets of ISE America, Inc.

RIDGELAND, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”) today announced the Company has completed the acquisition of substantially all the assets of ISE America, Inc. and certain affiliates (“ISE”) for approximately $110 million. Cal-Maine Foods is funding the acquisition with available cash on hand. The acquired ISE assets include commercial shell egg production and processing facilities with current capacity of approximately 4.7 million lay.

Cal-Maine Foods, Inc. Announces Acquisition of Egg Production Assets of ISE America, Inc.

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